IFA Promotion’s latest press campaign shrieks: “UK employees will miss out on a staggering 285m of tax breaks this year by failing to take advantage of employee share schemes.”While IFAP clearly does a lot of good work in selling the virtues of independent advice, the Diary thinks that blanket promotion of employee share schemes displays a distinct bout of short-term amnesia. As we are sure Rail- track employees will tell you, a tax break on b*gger all is still b*gger all.
This week Emma Lunn, freelance finance journalist
Whenever a fund management firm or an IFA business goes under the hammer, the first question on everybody’s lips is: “What’s it worth?”
Bradford & Bingley made a profit of 150m for the half-year, up 8 per cent from 139.4m in 2004.
Royal London says group total life and pension sales increased by 30 per cent to 115m in the first six months of this year. Subsidiary Scottish Life saw its business grow 31 per cent to 97m in APE terms. Protection arm Bright Grey’s business rose by 18 per cent to 11m while Scottish Life International’s […]
Robin Geffen, Fund Manager and CEO Are you taking enough risk? Robin Geffen, Founder of Neptune and Manager of the top performing Global Alpha Fund, discusses the importance of accepting enough volatility in planning for retirement. Click here to read the full article Important information Investment risks The value of an investment and any income from […]
News and expert analysis straight to your inboxSign up
Latest from Money Marketing
The Federal Deposit Insurance Corporation, a US government agency, has filed a lawsuit against some of the UK’s largest banks over manipulation of Libor, which it argues was skewed against the banks it had to rescue during the financial crisis. The agency has brought a claim against nine banks, including Barclays, Lloyds Banking Group and RBS, in […]
Royal London has defended moving its Ascentric platform to an “all-in” pricing structure earlier this year, saying the decision has paid off with a spike in Sipp accounts. In May, Ascentric moved to a single account charge, ditching trading fees and charges for Sipp and drawdown administration. However, portfolios under £1m are now charged at […]
Drawdown and individual pension sales at Royal London rose by more than 60 per cent in the first half of 2017, but the provider has hit out at the non-advised market for failing to protect customers. In its results this morning, Royal London said that it had seen a particular boost to individual pensions and […]